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J&K
Bank net profit up 55% to Rs 260 cr
Our Banking
Bureau
10 May 2002
 New
Delhi: Jammu and
Kashmir Bank (J&K Bank) has registered a net profit of Rs 260
crore for the financial year ending 31 March 2002 — a 55-per cent
growth over the previous year.
The total income of the bank increased by 39 per cent to Rs
1,610.86 crore. The credit portfolio of the bank grew by 35 per
cent and deposits have increased by 16 per cent during the same
period.
The net non-performing
assets have reduced to 1.88 per cent against 2.45 per cent. The
capital adequacy ratio of the bank stood at 14.76 per cent.
J&K Bank has achieved
a business turnover of Rs 19,335 crore (Rs 15,931 crore). The
capital and reserves of the bank have also  witnessed
an impressive growth, touching Rs 937 crore during the last
financial year.
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